Cumulus Media, the Atlanta-based second-largest radio station operator in the United States, is acquiring two Chicago radio stations from Merlin Media, the New York-based broadcasting company formed in 2011 by former Tribune Co. CEO Randy Michaels. Terms of the deal were not disclosed. Cumulus (NASDAQ: CMLS) is buying modern rock-formatted WLUP-FM (97.7). Also part of the deal is hot adult contemporary WIQI-FM (101.1) Cumulus said it will move the modern rock format now heard at WKQX-LP (87.1)…
Reported by bizjournals 9 hours ago.
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